Ethereum after a hard correction 
$4,355.76 He’s recovered and currently holds stronger above the $ 4,300 support level. The daily graphic structure shows that ETH may be ready for a new rise towards $ 5,000. This suggests that the last withdrawal may have ended. In recent weeks, the 50 -day moving average has provided a dynamic support for the recovery of ETH. Fast purchases after small retreats show that investor confidence is still high.
Technical indicators
The RSI indicator is at the level of 59, shows that the overput area is moved away and that there is an area for a new rise. Although the volume has been reduced in the correction process, it is still high.
ETH can re -test the last summit of $ 4,800 in the coming days and may rise to over 5,000 dollars if the transaction volume increases. However, the Ethereum rally can end up historically quite wavy and unexpectedly. If the price remains below $ 4,200, the correction may take up to 200 -day average in $ 3,400. Nevertheless, investor interest, acceleration gain and technical support give positive signals for ETH to make a new output. Reaching $ 5,000 can occur earlier than expected if the momentum increases.
Critical decline in XRP
The XRP is currently trading just below $ 3.00 and technically very close to a downward break. The symmetrical triangular formation in recent weeks points to a decline instead of giving a rise signal. The XRP is currently trading at $ 2.82 and has started to decline under short -term support. This shows the weakness of the formation and signals that the fall trend can continue.
While the breaking of the triangle is a negative situation in itself, the risk is growing when it is added to the decreasing volume. The XRP may decrease to the 200 -day moving average to $ 2.50. This level is both technical and psychological support. The RSI indicator is at the level of 42, indicates that the decline tendency continues and that the buyers have not yet been activated. A strong external factor to get rid of the decline of XRP is necessary, for example, a recovery throughout the market.
Shiba Inu (Shıb) Heart and Stuck
Shıb is currently trading at approximately $ 0.0000122 and moves horizontally in a triangular formation that is increasingly shrinking. The volume is weak and historically traded with low liquidity on Shıb weekends. Therefore, the real aspect will probably emerge with the volume increase next week.
Shıb’s technical appearance shows that the price is surrounded by both sub -support and 50, 100 and 200 -day averages. If this compression continues before the volume increases, a sudden breakage may be experienced. However, since the resistance levels could not be broken during the month of August, the general trend is decreasing. The fact that the RSI indicator is at 44 reveals that the momentum is weak.
If the sub-support is broken, the price of SHIB may decline to the range of $ 0.0000110-0,0000100, which served as a support at the beginning of this year. On the other hand, for a significant recovery, the price should rise over 0.0000135-0,0000140 dollars. However, this does not seem possible without increasing volume.
For Shıb investors, it can pass with uncertainty at the weekend. The real test will begin when the transaction volume increases next week.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
